Sapphire is a venture capital backed company founded in 2007 for the purpose of growing and processing micro-algae into products that serve very large and diverse markets where the unique attributes of algae provide valuable solutions.
Sapphire’s technology uses sunlight, CO2, non-potable water, non-arable land, nutrients, and novel strains of algae in outdoor ponds to produce algae which are then converted into high-value oils, aquaculture and animal feeds, fuels and other valuable products.
Sapphire has three facilities across California and New Mexico. In 2010, the company began construction of the world’s first commercial demonstration algae-to-energy farm in Columbus, New Mexico, a project backed by a grant from the United States Department of Energy and a loan guarantee from the United States Department of Agriculture. Construction of Phase 1 was completed on-time and on-budget in 2012, and the company paid back the USDA loan guarantee in 2013. The company has since focused on a lead omega-3 EPA product which is expects to have in commercial volumes by 2017.
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